Connect with us

SWFI First Read, January 30, 2017

Published

on

Kung hei fat choi! (January 28, 2017)

The Year of the Rooster has arrived.

Kimberley Stafford to Lead PIMCO’s APAC Business

Newport Beach-based Pacific Investment Management Company (PIMCO) named Kimberley Stafford as the new head of Asia-Pacific. She plans to relocate to Hong Kong by the middle of 2017. Stafford was Managing Director and Global Head of the Consultant Relations Group at PIMCO. Stafford is replacing Eric Mogelof, who is the new Head of U.S. Global Wealth Management at PIMCO.

CPPIB Could Invest in DH Corporation

The Canada Pension Plan Investment Board (CPPIB) could potentially participate in the buyout of DH Corporation, a Canadian financial technology services provider. DH Corporation, formerly known as Davis + Henderson, hired Credit Suisse and Royal Bank of Canada as financial advisers. Major private equity firms such as Thoma Bravo, TPG and Cerberus Capital Management are considering buying DH Corporation.

Saudi Aramco Could Invest up to US$ 5 Billion in Renewable Energy Firms

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Nomura and CIC Contemplate Joint Investment Fund

Published

on

Japan-based Nomura Holdings is in talks with the China Investment Corporation (CIC) on forming a new investment fund. The fund could be receive commitments up to US$ 1 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Temasek Holdings Dumps More of Celltrion

Published

on

On October 22, 2018, Singapore’s Temasek Holdings, through its sovereign wealth enterprise (SWE) Ion Investments, entered into its second block deal in selling shares in Celltrion, a South Korean bio-pharmaceutical company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Alleged Fraud, Data Breaches, and Bias, Plague Facebook

Published

on

In an unfortunate break for Facebook, the true nature of its data breach is more troubling than previously believed. The social media giant revealed that its headline-topping security breach, which affected 29 million accounts, compromised personal information and seemingly confidential contact information. The FBI is said to be investigating. In September 2018, the story broke that user content, email, and phone numbers, along with personal profile information, was swiped from the site. Facebook has admitted the problem, but stopped short of offering users an apology. The U.S. Federal Trade Commission (FTC) and the Irish Data Protection Commission have questioned Facebook on the matter.

Access Tokens

At the root of the breach were Facebook “access tokens.” These are digital keys that give sites access to keep users logged in and to recognize them upon entry. Unknown hackers reportedly stole these access tokens for 400,000 people. They then used “friends lists” to steal tokens from their networks. Facebook did not shy away from noting that unauthorized access “included username, gender, locale/language, relationship status, religion, hometown, self-reported current city, birthdate, device types used to access Facebook, education, work, the last 10 places they checked into or were tagged in, website, people or Pages they follow, and the 15 most recent searches.” This is, clearly, a staggering amount of personal information and a black eye for the corporation.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.